Gold Movement
Gold prices traded marginally lower against the USD in the 24 hour period ending 23:00GMT, at 1731.06 per ounce, amid profit booking.
In the Asian session, at GMT0400, Gold is trading at 1731.02, flat from yesterday’s close.
Gold is expected to find support at 1720.40, and a fall through could take it to the next support level of 1709.78. Gold is expected to find its first resistance at 1747.24, and a rise through could take it to the next resistance level of 1763.46.
The yellow metal is trading just below its 20 Hr and 50 Hr moving averages.
